The U.S. Department of Justice (DOJ) is investigating possible violations of Russian sanctions by Binance, Bloomberg reports. May 5th.
Specifically, the Department of Justice’s National Security Division will determine whether Binance or its executives evaded sanctions over Russia’s invasion of Ukraine. Many sanctions of this kind have been imposed since early 2022 on him, and Binance appears to have responded by limiting his service to Russia in April 2022.
Bloomberg sources say the investigation is being conducted in parallel with another ongoing investigation by DOJ’s Criminal Vision.
Binance and its executives have not yet been accused of wrongdoing, and the investigation has not been officially announced or previously reported, Bloomberg said. Got the info.
According to Bloomberg sources, Binance has previously worked with the Justice Department to resolve other compliance issues, particularly around Iran’s sanctions evasion.
Incidentally, Senator Elizabeth Warren mentioned Binance’s role in handling cryptocurrencies from Iran’s Islamic Revolutionary Guard Corps on May 4.
Elsewhere, the US Commodity Futures Trading Commission (CFTC) indicted Binance on March 27, alleging that Binance allowed users to illegally access its commodities.
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